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1305 Rosebud Ave - Laprath Apartments 4 Unit Apartment Building Offered at $715,000 Gregory, SD 57533
Investment Highlights
- All Units are leased with a wait list
- Open concept
- Room to Build additional Units
Executive Summary
This attractive 4-unit townhome-style apartment complex offers a mix of 2-bedroom 2-bath and 3-bedroom 2-bath units. Built in 2011 with recently updated flooring in 2 units. Each unit has a 2-car garage, an electric furnace, a laundry room, kitchen appliances, and a walkout backyard patio. The open kitchen and dining areas offer a functional layout perfect for everyday living and entertaining. Each unit also includes an attached garage and a patio. The complex is full and currently has a waiting list. The complex has a gazebo, raised beds, and a large garden area. Underground sprinkler system in the front and back yard. Unit 1 offers 1675 Sq. Ft.,(Including 600 Sq.Ft. Garage) Unit 2 -3-4 includes 1575 Sq. Ft., (Each Includes a 600 Sq.Ft. Garage).The roof was new in 2020.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $715,000 | Lot Size | 1.38 AC |
| Price Per Unit | $178,750 | Building Size | 6,400 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Sale Condition | 1031 Exchange | No. Stories | 1 |
| No. Units | 4 | Year Built | 2011 |
| Property Type | Multifamily | Parking Ratio | 0.63/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | Residential | ||
| Price | $715,000 |
| Price Per Unit | $178,750 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Apartment Style | Townhome |
| Lot Size | 1.38 AC |
| Building Size | 6,400 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2011 |
| Parking Ratio | 0.63/1,000 SF |
| Zoning | Residential |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Garden
- Island Kitchen
- Lawn
- Linen Closet
- Patio
- Large Bedrooms
Site Amenities
- Individual Locking Bedrooms
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $1,175 | 975 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 006821 | Improvements Assessment | $0 |
| Land Assessment | $1,370 | Total Assessment | $1,370 |
Property Taxes
Parcel Number
006821
Land Assessment
$1,370
Improvements Assessment
$0
Total Assessment
$1,370
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South Central Realty
1305 Rosebud Ave - Laprath Apartments
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